Sportsman’s Warehouse (NASDAQ:SPWH) Earns Buy Rating from Analysts at B. Riley

Analysts at B. Riley initiated coverage on shares of Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) in a report released on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $14.00 price target on the stock. B. Riley’s price target indicates a potential upside of 50.54% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Piper Sandler increased their target price on Sportsman’s Warehouse from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 30th. TheStreet cut Sportsman’s Warehouse from a “b-” rating to a “c” rating in a research report on Wednesday, February 9th. StockNews.com assumed coverage on Sportsman’s Warehouse in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, April 5th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $15.60.

NASDAQ SPWH opened at $9.30 on Tuesday. Sportsman’s Warehouse has a 12 month low of $8.78 and a 12 month high of $18.05. The stock has a market cap of $408.08 million, a P/E ratio of 3.83 and a beta of 0.97. The stock’s fifty day moving average price is $10.67 and its 200-day moving average price is $12.09.

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) last released its earnings results on Tuesday, March 29th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Sportsman’s Warehouse had a return on equity of 30.22% and a net margin of 7.20%. The firm had revenue of $416.29 million for the quarter, compared to analysts’ expectations of $406.78 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. As a group, equities research analysts expect that Sportsman’s Warehouse will post 1.44 earnings per share for the current year.

A number of large investors have recently made changes to their positions in SPWH. Macquarie Group Ltd. purchased a new position in Sportsman’s Warehouse in the third quarter worth about $27,000. Ancora Advisors LLC purchased a new position in Sportsman’s Warehouse in the first quarter worth about $52,000. HighMark Wealth Management LLC purchased a new position in Sportsman’s Warehouse in the fourth quarter worth about $59,000. Royal Bank of Canada boosted its position in Sportsman’s Warehouse by 62.1% in the second quarter. Royal Bank of Canada now owns 4,618 shares of the company’s stock worth $82,000 after purchasing an additional 1,770 shares during the last quarter. Finally, Teton Advisors Inc. purchased a new position in Sportsman’s Warehouse in the fourth quarter worth about $118,000.

About Sportsman’s Warehouse (Get Rating)

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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